The main Wall Street indexes lost more than 2% last week with technology benchmark Nasdaq Composite interrupting its 10-week winning session, while Dow Jones recorded its second weekly drop since the beginning of the year.
The new week will be busy by economic and political events, with the key topic on the spotlight being the Brexit.
Among the more interesting data that markets will track in the second week of March are US retail sales, the GDP and industrial output in the UK, the US and Eurozone inflation, industrial production in China, and more.
Upcomming economics data
On Monday, March 11, will be released the data on Germany’s trade balance and industrial output for January. In the United States, the markets will focus on retail sales in January with consensus forecasts for analysts for a decline by 0.1%, down from 1.2% in the previous month.
On Tuesday, March 12, the investors will expect the business climate data in Australia for February. In Europe will be published a number of UK data – construction production in January, industrial production, trade balance, and GDP. There will be an important vote on Brexit deal, where Theresa may is expected to suffer another blow. The markets will also follow the meeting of the Eurozone finance ministers. In the United States, data on inflation for February is expected.
On Wednesday, March 13, will be released the data on industrial production in the Eurozone for January with analysts’ forecasts for increase by 0.9% from a 0.9% drop a month earlier. Britain will announce its spring forecasts for the economy and may follow another vote, where the MPs will be asked if they want Hard Brexit. In the United States, will be published up-to-date information on producer price indexes and on crude oil stocks.
On Thursday, March 14, the focus of the markets is on industrial production in China for January. The expectations are for a slight slowdown in the growth rate to 5.5% on an annual basis. Germany will report inflation in February with projections showing retention of the current levels of 0.5% on a monthly basis and 1.6% on an annual basis. The Organization of Petroleum Exporting Countries (OPEC) will publish its monthly report. In the United States, data on the number of applications for unemployment and sales of new homes in January will be released.
On Friday, March 15, a Japanese Central Bank meeting will be held, with no major interest rate change expected. Later during the day will be published the Eurozone inflation data for February. The trading week will finish with the US industrial production activity in February with an expected increase of 0.4%.
Upcomming corporate earnings reports
The reporting season on Wall Street is almost completed. However, several global companies are expected to publish their quarterly and annual earnings.
On Monday, March 11, the business technology developer Coupa Software will publish its financial statement. The markets will also expect the earnings reports of the manufacturing company Linamar, pipeline transportation of crude oil company Blueknight Energy Partners, and the offshore ultra-deepwater driller Pacific Drilling.
On Tuesday, March 12, the investors will focus on the financial statement of the renewable energy company Ocean Power Technologies and the chain Casey’s General Stores. Also during the day will be posted the earnings of Orion Group Holdings, broadcasting company Saga Communications and the Chilean airline LATAM Airlines Group.
On Wednesday, March 13, will be released the reports of the German energy utility company E.ON, Austrian bank Raiffeisen Bank International and content discovery platform Zedge.
On Thursday, March 14, the markets will focus on the financial statement of computer software companies Adobe Inc and Oracle Corporation, as well as the semiconductor producer Broadcom Inc. During the day will be posted also the earnings reports of German airline Deutsche Lufthansa AG and the Brazilian aircraft manufacturer Embraer.